World’s First Bitcoin Mining IPO Misses Target by AUD $14 Million

World’s First Bitcoin Mining IPO Misses Target by AUD $14 Million

This post is by Benjamin Roussey

The initial fundraising in a universe for an initial open charity of a Bitcoin mining association has lifted 5.9 million Australian dollars, (USD $4.2 million) – descending brief of a aim of AUD $20 million.

Based in Melbourne, a Bitcoin Group announced final week that it had lifted AUD $5,927,168.40 in a bookbuild of a Australian Stock Exchange (ASX) listing. The association also announced that it was still surpassing nonetheless a inventory routine with ASX.

Even nonetheless a volume lifted was reduction than a third of a volume it attempted for, CEO of Bitcoin Group Sam Lee called it a “solid result.”

During an talk on CNBC on Tuesday, Lee pronounced a volume lifted is sufficient for a association to govern a stream plan of appropriation new mining apparatus to enhance a footprint.

Although it was scheduled to take place on Tuesday, Bitcoin Group has not nonetheless announced a quote on a ASX. It is approaching that a association will trade underneath a ticker BCG.

The cost of shares was during AUD $0.20, with AUD $2,000 as a smallest subscription. There is no limit subscription. According to a Australian Taxation Office, Bitcoin is an item for collateral gains



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